One thing that seems to worry all of our students is dealing with the financial side of a business. After all, it’s the one place where a mistake could literally cost you a fortune! But if you’re thinking about starting your own business, looking for a promotion in your current job or you just want to invest some of your hard-earned money in the stock market, you need to be able to make well-informed financial decisions.
You might think that that’s someone else’s job. That’s why you have an accounts department, right? Technically, this is true and your accounts department will handle most of the finances, but that doesn’t mean you can leave everything to them. If you’re the manager of a department then you will be responsible for your department’s budget. This means you need to be meticulous with your record-keeping, as you need to be able to account for every penny spent. A bit of financial know-how is essential here, as you might also be asked to justify your spending decisions!
Keeping a clear head when you’re talking about money can be tricky, but the more you know, the easier this will be. If you want to get on in life and progress with your career then you’ll need to be able to hold conversations about cash flow, profit margins and balance sheets without starting to panic. Being able to keep your cool when discussing money is a rare skill, and your superiors will respect you for it and remember you when it’s time for a promotion.
Our Finance for Financial Managers course is perfect for people looking for a basic lesson in the financial side of a business – and we don’t ask for any previous experience or knowledge before you enrol. If you want to get started now and give yourself the best chance of success then you’re in luck, as we’re offering £25 off the course starting on Monday!
